Happy Friday good degens! Lots of stuff going on!
Let’s dive in!
As always… stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles):
Total Crypto Market Cap: $3.82T
Gold: $2677.50
Oil (WTI): $70.64
US 10Y Treasury: 4.369%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Do you have fond memories of Fantom from last cycle anon?
Were you ghoul-maxxed and ghost-coded?
Do you vividly remember “A Song Of Fire And Ice” on @beethoven_x?
Did you roundtrip generational wealth with locked $LQDR on Liquid Driver?
Did you auto-farm TOMB forks on @BeefyFinance?
Well… the combeback arc is soon to commence, as Fantom is re-branding to Sonic and launching imminently!
And the absolute best place to benefit from this will be @vertex_protocol, who will be deploying to Sonic via their gigabrain cross-chain liquidity system @EdgeLayer! (see alfa from Vertex co-founder @DariusTabai below!)
The resulting rewards will be mighty, so make sure to follow Vertex on Twitter for more updates, and- as always- get started trading 50+ perps and spot markets and earning robust APR’s by lending/staking/etc on Vertex now by clicking here!!!
Biggest TVL Movers + Else
Chains are slightly red today. Top 50 chains up at least 15% on the weekly include Bitcoin (#5), and Hyperliquid (#8).
Protocols are also a bit red. Top 50 protocols up at least 50% on the weekly include Babylon (#12), Hyperliquid (#17) (again Hyperliquid is tracked on DefiLlama as both a chain and a protocol), and Usual Money (#47).
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $50M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New treasury management protocol on Neutron called @ValenceZone has been added to @DefiLlama. Twitter bio states “Maximizing long-term, permissionless collaboration”. Followed by 9 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alert today.
Important News And Analysis
-Morning headlines from @Tyler_Did_It:
-More headlines from @layerggofficial:
-Odos airdrop announcement generating much excitement - if you swap regularly on the DefiLlamaSwap dex aggregator (or the Jumper Exchange bridge + dex aggregator or similar platforms) its very possible you qualify for it, h/t @0xngmi:
-The wonderful gigabrains at DefiLlama also made an airdrop checker for it so you don’t need to connect every single wallet individually to check if you qualified:
-@phantom wallet will apparently be supporting Monad once its live (they are also adding Sui support soon according a tweet of theirs from last week):
-$BTC-dominance TA from @DaanCrypto:
-Story of Austin, Texas man sentenced to prison for under-reporting Bitcoin profits is catalyzing much discussion:
-Another note on tax-related stuff (click to read in full), from @Architect9000:
-The Trump x Aave stuff continues to garner lots of attention:
-Lot of talk lately about big cex’s becoming more “degenerate”, due to a) the impact of the Solana/pumpfun phenomenon, and b) the Trump victory + resulting regulatory vibe shift, example c/o @frankdegods below:
-Extremely long, thorough thread of interesting news and stories in the AI Agent sector, from @S4mmyEth:
-Very important note from @alpha_pls:
-New @0xSteadyLads podcast interview with Vitalik:
-New weekly rollup video from @BanklessHQ:
-Update on everything in Solana world from @Lightspeedpodhq:
-New video of gem-hunting on Sui from @drakeondigital:
-New episode of @thebellcurvepod featuring @im_manderson and @MikeIppolito_ discussing a variety of current topics in crypto:
-Parting wisdom from @DeFiMann:
Conclusion
Happy Friday and stay alert out there this weekend friends!
And please RT/subscribe/etc if you found this valuable!
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Note
The recent Tornado Cash ruling was quite significant, and suggests there will be less regulatory opposition to advances in on-chain privacy going forward- which is exactly what the team at @silentdao_ has been working on behind the scenes.
To summarize:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.